nnのCPA試験の旅 in Hawaii CPA試験の旅 in Hawaii

Hello again!

by nn_77
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タグ:Substitute ( 1 ) タグの人気記事

SUBSTITUTE (Microeconomics)

Thursday, March 16th, 2006
-------AUD:8/1  BEC:8/2   FAR:8/3  REG:8/4

*I have only 135 days to go before USCPA exam!


[3月11日/日本経済新聞 夕刊]

I found the above article in the NIKKEI news paper the other day, and thought this is what I learned in BEC, Business Environment and Concept, one of the four subjects of the USCPA exam.
I associated the above article to the topic of SUBSTITUTE in microeconomics. I learned when a price of goods goes up in price, the demand for the substitute goes up as well. Now, as you know, the price of gasoline is soaring up due to the high price of crude oil. Therefore, ethanol, a substitute of gasoline, is strongly demanded in the market, which also leads to the higher price of ethanol along with the demand curve of the ethanol.

  My major at university was linguistics and so I didn’t have any knowledge about something like economics, until I started study of USCPA. It was good for me to have started preparing for USCPA exam, because now I can have a chance to understand things from far more various view points than before!
by nn_77 | 2006-03-16 09:41 | >BEC | Comments(0)